Hidrovias do Brasil Income Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,241	1,432	1,924	1,768	1,115
Revenue Growth (YoY)	56.45%	-25.56%	8.85%	58.50%	-23.71%
Cost of Revenue	1,333	1,163	1,242	1,150	880.77
Gross Profit	908.06	269.53	681.87	618.17	234.64
Selling, General & Admin	301.37	286.66	300.08	303.12	240.44
Other Operating Expenses	60.94	5.65	-7.52	-11.7	-92.6
Operating Expenses	361.77	294.27	295.87	315.02	147.84
Operating Income	546.29	-24.74	386	303.15	86.81
Interest Expense	-308.65	-315.95	-289.87	-407.12	-344.88
Interest & Investment Income	85.34	43.18	31	173.67	6.28
Earnings From Equity Investments	24.06	7.44	4.3	14.04	-0.67
Currency Exchange Gain (Loss)	-	-	-	-	-57.4
Other Non Operating Income (Expenses)	-154.69	-228.82	-79.97	-	82.3
EBT Excluding Unusual Items	192.34	-518.9	51.45	83.75	-227.56
Gain (Loss) on Sale of Investments	-	16.05	18.3	-	26.41
Asset Writedown	-	-88.52	-	-	-
Legal Settlements	-	-	-	-	-5.48
Other Unusual Items	-	-	-	-	-92.01
Pretax Income	192.34	-591.37	69.75	83.75	-298.65
Income Tax Expense	131.84	3.25	52.16	91.91	40.49
Earnings From Continuing Operations	60.51	-594.62	17.6	-8.16	-339.13
Earnings From Discontinued Operations	-201.42	25.21	-	-	-
Net Income	-140.92	-569.42	17.6	-8.16	-339.13
Net Income to Common	-140.92	-569.42	17.6	-8.16	-339.13
Shares Outstanding (Basic)	1,160	760	760	763	760
Shares Outstanding (Diluted)	1,160	760	775	763	760
Shares Change (YoY)	52.61%	-1.92%	1.62%	0.33%	1.05%
EPS (Basic)	-0.12	-0.75	0.02	-0.01	-0.45
EPS (Diluted)	-0.12	-0.75	0.02	-0.01	-0.45
Free Cash Flow	738.97	-181.5	167.64	233.62	-464.85
Free Cash Flow Per Share	0.64	-0.24	0.22	0.31	-0.61
Gross Margin	40.52%	18.82%	35.43%	34.97%	21.04%
Operating Margin	24.38%	-1.73%	20.06%	17.15%	7.78%
Profit Margin	-6.29%	-39.75%	0.92%	-0.46%	-30.40%
Free Cash Flow Margin	32.97%	-12.67%	8.71%	13.21%	-41.68%
EBITDA	850.05	261.78	675.33	602.99	334.63
EBITDA Margin	37.93%	18.27%	35.09%	34.11%	30.00%
D&A For EBITDA	303.77	286.52	289.33	299.84	247.82
EBIT	546.29	-24.74	386	303.15	86.81
EBIT Margin	24.38%	-1.73%	20.06%	17.15%	7.78%
Effective Tax Rate	68.54%	-	74.77%	109.75%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.